SunTrust Banks Raises SVMK (NASDAQ:SVMK) Price Target to $19.00

SVMK (NASDAQ:SVMK) had its price target boosted by SunTrust Banks to $19.00 in a research note issued on Thursday, March 28th, The Fly reports. The firm currently has a “positive” rating on the stock. SunTrust Banks’ target price would indicate a potential upside of 8.70% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on SVMK. ValuEngine raised SVMK from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. Zacks Investment Research downgraded SVMK from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Stephens started coverage on SVMK in a research report on Friday, March 22nd. They set an “overweight” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.38.

Shares of SVMK stock traded up $0.10 during trading on Thursday, reaching $17.48. The company’s stock had a trading volume of 535,768 shares, compared to its average volume of 1,343,865. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $2.21 billion and a PE ratio of -12.22. SVMK has a one year low of $10.05 and a one year high of $20.00.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings data on Wednesday, February 13th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. The business had revenue of $67.90 million during the quarter, compared to the consensus estimate of $65.88 million. The company’s revenue was up 19.1% compared to the same quarter last year. Research analysts forecast that SVMK will post -0.55 earnings per share for the current year.

In other news, SVP Lora D. Blum sold 3,111 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.78, for a total value of $36,647.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Tiger Global Management Llc sold 10,063,993 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $15.22, for a total value of $153,173,973.46. The disclosure for this sale can be found here. Insiders have sold 12,159,865 shares of company stock worth $184,569,613 over the last ninety days.

Several institutional investors and hedge funds have recently made changes to their positions in SVMK. Strs Ohio acquired a new position in shares of SVMK in the 4th quarter worth approximately $58,000. Deutsche Bank AG acquired a new position in shares of SVMK in the 4th quarter worth approximately $72,000. Legal & General Group Plc acquired a new position in shares of SVMK in the 3rd quarter worth approximately $80,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of SVMK in the 4th quarter worth approximately $137,000. Finally, American International Group Inc. acquired a new position in shares of SVMK in the 4th quarter worth approximately $143,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

SVMK Company Profile

SVMK Inc provides survey software products that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.

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Analyst Recommendations for SVMK (NASDAQ:SVMK)

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